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>
> So if 'NRV - margin = 87' and 'NRV = 90' and Cost
> = 100
> If Market value = 89, then it stays the same.
> Carrying Value of Inventory = 89
> If Market Value = 80, then Market Value becomes
> 87. Carrying Value of Inventory = 87
> If Market Value = 92, then Market Value becomes
> 90. Carrying Value of Inventory = 90


Thanks anish. So is "market value" the same thing as "replacement cost"? Seems like those 2 terms are used in the same context.

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